Berjaya Land redesignates ED Syed Ali to CEO
KUALA LUMPUR (Aug 9): Berjaya Land Bhd (BLand) has redesignated its executive director (ED) Syed Ali Shahul Hameed as the company’s chief executive officer (CEO) effective yesterday.
RHB partners Malaysian Retail Chain Association to support retailers, SMEs
KUALA LUMPUR (Aug 8): RHB Banking Group is partnering Malaysian Retail Chain Association (MRCA) to support more than 400 leading retail chain store operators, franchisers as well as small and medium enterprises (SMEs) through the Malaysia International Retail & Franchise Exhibition 2019 (MIRF).
EITA Resources LRT3 contract value cut 65% to RM67.45m
KUALA LUMPUR: EITA Resources Bhd’s contract to supply lifts and escalators for the light rail transit Line 3 (LRT3) project has been revised, with the contract sum cut by a whopping 65.
Najib-SRC trial : Ex-second finance minister says he 'wanted to cover the prime minister'
KUALA LUMPUR (Aug 8): Datuk Seri Ahmad Husni Hanadzlah told the High Court here today that he did not tell the complete truth on his resignation as second finance minister in June 2016 because he wanted "to cover" the then prime minister (PM) Datuk Seri Najib Razak amid concerns on how 1Malaysia Development Bhd (1MDB) and former 1MDB subsidiary SRC International Sdn Bhd were managed.
Parkson closes store 18 months after opening
KUALA LUMPUR (Aug 6): Department store operator Parkson Corp Sdn Bhd, which shut its 20-year-old store in Suria KLCC earlier this year, has shut another store — the Parkson M Square Mall in Puchong, Selangor.
Masteel's standalone credit profile vulnerable on steel prices fluctuations, MARC says
KUALA LUMPUR (Aug 6): Malaysia Steel Works (KL) Bhd's (Masteel) standalone credit profile remains vulnerable to fluctuations in steel price, fluctuating cost of raw materials and increased competitive pressures in the Malaysian market, according to Malaysian Rating Corp Bhd (MARC).
Property consultant: Stop building serviced apartments in Johor Bahru
PETALING JAYA (Aug 6): A property consultant recently said that developers should stop constructing serviced apartments in Johor Bahru.
Kylie Jenner books Equanimity for birthday bash
PETALING JAYA (Aug 5): Kylie Jenner (of the Kardashians) has booked the superyacht Equanimity (recently renamed Tranquility) to celebrate her 22nd birthday.
Court of Appeal dismisses application to postpone 1MDB trial
PUTRAJAYA (Aug 5): The Court of Appeal today dismissed an application by both the prosecution and defence to postpone Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB) or the Tanore trial, which is scheduled to begin on Aug 19.
HLIB: More US-China trade tensions could prompt OPR cut to 2.75% — lowest since March 2011
KUALA LUMPUR (Aug 5): Further escalation on trade tensions between the US and China could prompt Bank Negara Malaysia (BNM) to cut interest rates again as early as November — bringing them down to levels not seen since March 2011 — to mitigate any impact on domestic growth, said Hong Leong Investment Bank (HLIB).
